Quote:
Originally Posted by Parallex
Yeah... but Tariff-Man down south is making steel and aluminum more expensive.
|
It's allot more complicated than that.
The prices dipped back down quite a bit now, not all of the way down. But at this point it could take years and years to unwind all of the damage he has done, and it might not even be the most prudent action for the next administration to rip the band-aid off right away.
I think its entirely possible the US could first open up to just North America again in the next two years, and that will actually entrench the new Canadian off shore tariff regime further, pushing prices back up to the high levels from 5 or 6 months ago
https://tradingeconomics.com/commodity/steel